2-bed · 1,384 sqftThe Address Residences Dubai Opera T1, Downtown Dubai · 4th floor · completed 2023

409, The Address Residences Dubai Opera T1

Sold prices and rental history: sold once, by the developer in July 2016, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 409 · DLD and Ejari recordsUpdated 24 July 2016
Last soldAED 4.46M24 July 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 409, The Address Residences Dubai Opera T1

What is 409 worth today?

Last sold for AED 4,460,888 in 2016

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24 Jul 2016Sold by developerOff-plan
AED 4,460,888AED 3,224 per sqft

Source: Dubai Land Department. Updated 24 July 2016.

Key facts

Type
2-bed apartment
Size
1,384 sqft
Floor
4th of 62
Parking
1
Developer
Emaar
Completed
2023
Service charge
AED 40,600 /yr
Last sold
AED 4.46M · July 2016

About 409, The Address Residences Dubai Opera T1

409 is a two-bedroom apartment of 1,384 sqft on the 4th floor of The Address Residences Dubai Opera T1, a 62-storey tower in Downtown Dubai completed in 2023 by Emaar. The developer sold it on 24 July 2016 for AED 4,460,888, or AED 3,224 per sqft, 19% above the AED 2,699 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 409 over time

Sales
Unit 409, each saleTypical two-bed in The Address Residences Dubai Opera T1
3M4M2016201920222025Typical sale price by year: 2016 AED 3,251,888; 2017 AED 3,174,888; 2018 AED 3,113,888; 2019 AED 3,176,388; 2020 AED 3,251,888; 2021 AED 3,363,888; 2022 AED 3,563,388; 2023 AED 4,000,000; 2024 AED 4,150,000; 2025 AED 4,300,000; 2026 AED 4,000,000Sold by developer, July 2016: AED 4,460,888 (AED 3,224 per sqft)

409 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 409, each contractTypical two-bed in The Address Residences Dubai Opera T1
240K260K2024202520262027Typical rent by year: 2024 AED 272,000; 2025 AED 260,000; 2026 AED 235,000

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in The Address Residences Dubai Opera T1, and where 409 sits

All 260 2-beds →

409 last sold in July 2016 at AED 3,224 per sqft, 19% above what two-beds in The Address Residences Dubai Opera T1 were fetching at the time (AED 2,699). Over the last 12 months two-beds sold for AED 3,280,000 to 7,300,000, around AED 3,353 per sqft, and rent for AED 160,000 to 410,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
9 Oct 20266,535,000
22 Sep 20264,000,000
17 Sep 20264,000,000
17 Sep 20264,000,000
20 2-bed sales in the last 12 months

The Address Residences Dubai Opera T1

Building

458 apartments, 1-bed to 5-bed over 62 floors in Downtown Dubai, completed in 2023 by Emaar. 30 sold in the last 12 months.

Typical price per sqft
AED 3,573 Down 10.3%
Typical sale
AED 4M
Typical rent
AED 250K /yr
Typical yield
5.7%
The Address Residences Dubai Opera T1, Downtown Dubai: prices, sales and rents →
Value
4013-bedAED 5.83M · Feb 2020
4023-bedAED 5.14M · Jul 2016
4032-bedAED 2.99M · Feb 2020
4042-bedAED 3.45M · Oct 2023
4051-bedAED 2.12M · Jul 2016
4062-bedAED 3.17M · Mar 2022
4072-bedAED 3.15M · Jul 2016
1–7 of 8

409, The Address Residences Dubai Opera T1 in numbers

  • Sold once: by Emaar on 24 July 2016 for AED 4,460,888, or AED 3,224 per sqft.
  • Two-beds in The Address Residences Dubai Opera T1 sold for AED 3,280,000–7,300,000 in the 12 months to November 2026; the building's median across all types is AED 3,573 per sqft.

Source: Dubai Land Department. Updated 24 July 2016.

Questions about 409, The Address Residences Dubai Opera T1

What did unit 409 last sell for?

AED 4,460,888 on 24 July 2016, sold by the developer: AED 3,224 per sqft for 1,384 sqft. It is the only registered sale of the unit.

How big is unit 409?

1,384 sqft (128.6 sqm): a two-bedroom apartment on the 4th floor of a 62-storey tower completed in 2023.

What is unit 409 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Address Residences Dubai Opera T1 sold for AED 3,280,000 to 7,300,000 in the last 12 months, around AED 3,353 per sqft.

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Mortgage on 409, The Address Residences Dubai Opera T1

Starts from the last sale price (AED 4.46M, 24 July 2016). Switch to today's estimate once you have unlocked it.
Price
AED 4,460,888
Deposit, UAE resident (20%)
AED 892,178
Deposit, non-resident (40%)
AED 1,784,355
Monthly over 25 years at 3.7%
AED 18,251

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →